NASSAU: Tiger Woods and Ernie Els gained approval from Bahamian officials on Thursday for a luxury resort they're helping finance along with a group led by a British billionaire.
The US$1.3bil private residential community, planned for an exclusive corner of New Providence island, will include an 18-hole championship golf course designed by Els, Woods said in a statement. It will be called the Albany Golf & Beach Club.
With Albany, I look forward to spending more time in the Bahamas and playing Ernie on our new golf course,'' Woods said. We plan to make Albany very special.''
The government and representatives of the Tavistock Group, a holding company managed by British billionaire and Bahamian resident Joseph Lewis, signed the deal on Thursday allowing construction to go forward after two years of negotiations and environmental impact studies.
Investors said construction of the resort, on 226 hectares on the South-Western end of New Providence, was expected to begin immediately. It will include cottages, oceanfront homes, luxury apartments and a marina. AP